India's Semiconductor Mission Expands with 12 Approved Chip Plants
With 12 chip plants approved, a look at India’s semiconductor mission, what’s next
The Indian Express
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The Indian government has approved 12 semiconductor plants under the India Semiconductor Mission, with a total investment of approximately ₹76,000 crore (around $9.2 billion USD). This initiative aims to enhance India's position in the global chip supply chain, with significant facilities planned across several states, including Gujarat, Assam, and Uttar Pradesh.
- 01The Union Cabinet approved two new semiconductor plants, bringing the total to 12 under the India Semiconductor Mission.
- 02The initiative has a total investment of approximately ₹76,000 crore (around $9.2 billion USD) to boost domestic chip manufacturing.
- 03Major companies involved include Tata Electronics, Micron Technology, and HCL-Foxconn, with facilities planned across multiple states.
- 04The next phase, ISM 2.0, will focus on supporting ancillary industries and enhancing design capabilities.
- 05India aims to establish a full-stack semiconductor ecosystem to reduce dependency on foreign imports.
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On May 5, 2023, the Indian Union Cabinet approved two additional semiconductor plants, marking a significant step in the country's ambitious India Semiconductor Mission (ISM). This initiative, which has now approved a total of 12 chip plants, aims to localize semiconductor manufacturing and integrate India into the global chip supply chain. The total investment for this mission is around ₹76,000 crore (approximately $9.2 billion USD). Major companies such as Tata Electronics and Micron Technology are participating in this effort, with plants being established in states like Gujarat, Assam, and Uttar Pradesh. The first commercial-grade chip fabrication facility is being set up by Tata Electronics in Dholera, Gujarat, at an estimated cost of ₹91,000 crore. The ISM aims to create a full-stack chip ecosystem, including fabrication, packaging, and design. Looking forward, the government is preparing for ISM 2.0, which will likely shift focus to supporting ancillary industries and enhancing design capabilities, potentially with a budget of around $11 billion.
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The expansion of semiconductor manufacturing in India is expected to create jobs, enhance local technology capabilities, and reduce dependency on foreign imports, benefiting various sectors including electronics and automotive.
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